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Expansion plan
Source: Bloomberg News |
November 2, 2011, Wednesday
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Print Edition
Print Edition
TOYS "R" Us Inc, the world's largest toy chain, has bought a 70 percent stake in its licensed operations in China and southeast Asia as it looks to expand in the region.
Toys "R" Us acquired the stake from Li & Fung Group, the parent of the world's biggest supplier of toys and clothes to retailers, as part of a joint venture it agreed with Li & Fung Retailing, the chain said in a statement yesterday. Toys "R" Us may buy the remaining 30 percent of the venture in the future, according to the statement, which didn't disclose financial details.
Toys "R" Us acquired the stake from Li & Fung Group, the parent of the world's biggest supplier of toys and clothes to retailers, as part of a joint venture it agreed with Li & Fung Retailing, the chain said in a statement yesterday. Toys "R" Us may buy the remaining 30 percent of the venture in the future, according to the statement, which didn't disclose financial details.
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